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Page 4 of 5 <br /> <br /> <br />Alternative 2 - Reclamation <br /> <br />ESTIMATED PROJECT COSTS <br />Street Improvements <br />Construction Cost $ 1,407,000 <br />Contingency & Overhead (37%) $ 520,590 <br />Total Estimated Cost $ 1,927,590 <br />Watermain Improvements <br />Construction Cost $ 490,000 <br />Contingency & Overhead (30%) $ 147,000 <br />Total Estimated Cost $ 637,000 <br />Sanitary Sewer Improvements <br />Construction Cost $ 68,400 <br />Contingency & Overhead (30%) $ 20,520 <br />Total Estimated Cost $ 88,920 <br />Storm Drainage Improvements <br />Construction Cost $ 240,000 <br />Contingency & Overhead (30%) $ 72,000 <br />Total Estimated Cost $ 312,000 <br />Total Street Improvements Cost $ 1,927,590 <br />Total Utility Improvements Cost $ 1,037,920 <br />Total Project Cost $ 2,965,510 <br /> <br />The City’s portion of the project costs are currently budgeted from the PIR and Utility <br />Enterprise Funds (sanitary sewer, surface water management and watermain funds). The <br />proposed project funding summary is listed in the table below. <br /> <br />Alternative 1 – Reconstruction <br />Funding Source Cost <br />Residential Assessments $ 1,407,675 <br />PIR Fund $ 1,407,675 <br />Sanitary Sewer Enterprise Fund $ 88,920 <br />Watermain Enterprise Fund $ 637,000 <br />Surface Water Management Fund $ 422,500 <br />Total Funding $ 3,963,770